ALTOP: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALTOP
Largest movements
- Receivables within one year +€721
new in 2025: €721
- Cash -€197
down €197 (-34.3%), from €575 to €378
mainly Other debts (-€1,883) and Receivables within one year (-€721)
- Profit (loss) carried forward +€2,886
up €2,886 (+3.5%), from -€82,937 to -€80,050
- Other debts -€1,883
no longer reported in 2025 (was €1,883)
- Trade debts -€480
no longer reported in 2025 (was €480)
- Gross operating margin +€3,258
up €3,258 (+159.2%), from €2,046 to €5,304
- Other operating charges +€1,397
up €1,397 (+199.7%), from €699 to €2,096
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575 | €1,099 | +€524 | +91.1% |
| Current assets | 29/58 | €575 | €1,099 | +€524 | +91.1% |
| Amounts receivable within one year | 40/41 | - | €721 | +€721 | |
| Trade receivables | 40 | - | €721 | +€721 | |
| Cash at bank and in hand | 54/58 | €575 | €378 | -€197 | -34.3% |
| Total equity and liabilities | 10/49 | €575 | €1,099 | +€524 | +91.1% |
| Equity | 10/15 | -€1,787 | €1,099 | +€2,886 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €18,650 | €18,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,937 | -€80,050 | +€2,886 | +3.5% |
| Amounts payable | 17/49 | €2,362 | - | -€2,362 | |
| Amounts payable within one year | 42/48 | €2,362 | - | -€2,362 | |
| Trade debts | 44 | €480 | - | -€480 | |
| Suppliers | 440/4 | €480 | - | -€480 | |
| Other amounts payable | 47/48 | €1,883 | - | -€1,883 | |
| Other operating charges | 640/8 | €699 | €2,096 | +€1,397 | +199.7% |
| Gross operating margin | 9900 | €2,046 | €5,304 | +€3,258 | +159.2% |
| Operating profit (loss) | 9901 | €1,347 | €3,208 | +€1,861 | +138.2% |
| Financial charges | 65/66B | €334 | €321 | -€12 | -3.7% |
| Recurring financial charges | 65 | €334 | €321 | -€12 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €1,013 | €2,886 | +€1,874 | +185.0% |
| Profit (loss) for the period | 9904 | €1,013 | €2,886 | +€1,874 | +185.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,013 | €2,886 | +€1,874 | +185.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.